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Old May 11th, 2010, 05:43 PM   #20
ScOoTeR
hoo dat. wat.
 
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Join Date: 11-09-05
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Quote:
Originally Posted by ovrlnd View Post
I give you a loan for $2000
you spend $1000
you decide that you don't need the other $1000 so you give it back to me and you claim that you have repaid your loan in full.

no you still owe me $1000.
Not 100% accurate, as you would lay claim to 60% of the $2000 (or more) if I were successful in the business you loaned me the money for.

That 60% may be worth lots o cash, it may be worth nothing.
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